Key PointsAs of the closing bell on March 27, the Dow Jones Industrial Average and Nasdaq Composite had entered correction territory, with respective declines of 10% and 12.6%.
Key PointsAs of the closing bell on March 27, the Dow Jones Industrial Average and Nasdaq Composite had entered correction territory, with respective declines of 10% and 12.6%.
NATO Member Spain Closes Airspace To US Planes Involved In Iran Operations Given worsening US-Spanish relations over Washington's pro-Israel policies, this is a big step which is not entirely surprising - Spain has fully shuttered its airspace to US planes involved in attacks on Iran . This is an action significantly beyond its prior controversial policy to deny US use of jointly-operated military...
NATO Member Spain Closes Airspace To US Planes Involved In Iran Operations Given worsening US-Spanish relations over Washington's pro-Israel policies, this is a big step which is not entirely surprising - Spain has fully shuttered its airspace to US planes involved in attacks on Iran . This is an action significantly beyond its prior controversial policy to deny US use of jointly-operated military bases, and what has also been a long-running ban on ships transferring arms and ammo to Israel. Morón Air Base Spain's Defense Minister Margarita Robles announced on Monday, "We don't authorize either the use of military bases or the use of airspace for actions related to the war in Iran." Prime Minister Pedro Sánchez has also confirmed, "We have denied the United States the use of the Rota and Morón bases for this illegal war. All flight plans involving operations in Iran have been rejected. All of them, including those for refueling aircraft ." Apparently an exception will be made for emergency landings. But in essence this means no US flyovers by tanker aircraft or bombers will be approved. Crucially, El Pais - which first broke the news - has also made clear that the airspace ban applies to US aircraft coming from UK and French bases which are involved in the Iran theatre. "Not only is it prohibiting the use of the military bases in Rota (Cádiz) and Morón de la Frontera (Seville) by fighter jets or in-flight refueling aircraft participating in the attack; it is also denying airspace access to U.S. aircraft stationed in third countries, such as the United Kingdom or France, according to military sources ," the Spanish publication says . Economy Minister Carlos Cuerpo has articulate the government's justification for the move as follows: "This decision is part of the decision already made by the Spanish government not to participate in or contribute to a war which was initiated unilaterally and against international law ." Another important exception is for American warp...
metamorworks/iStock via Getty Images Capstone Green Energy ( CGEH ) said Monday it has entered into securities purchase agreements for a $112.5M strategic investment led by funds managed by Monarch Alternative Capital. The deal includes the purchase of $80M in newly issued senior convertible preferred stock and $15M of common stock by Monarch, as well as a concurrent private placement of an additi...
metamorworks/iStock via Getty Images Capstone Green Energy ( CGEH ) said Monday it has entered into securities purchase agreements for a $112.5M strategic investment led by funds managed by Monarch Alternative Capital. The deal includes the purchase of $80M in newly issued senior convertible preferred stock and $15M of common stock by Monarch, as well as a concurrent private placement of an additional $17.5M in common shares or pre-funded warrants to accredited investors, including some of the company's existing investors. Capstone Green Energy ( CGEH ) said it will issue 80K shares of a new series A preferred stock to Monarch for $80M and more than 3.33M common shares on the same terms as those provided to investors in the concurrent private placement for a purchase price of $15M; in the concurrent PIPE, the company will issue more than 7.22M common shares or pre-funded warrants at $4.50/share to a group of accredited investors. In connection with the investment, Capstone Green Energy's ( CGEH ) board will be fixed at seven members, and Monarch will have the right to appoint two independent directors to the board, reflecting the significance of its investment in the company. More on Capstone Green Energy Capstone Green Energy's Impressive Turnaround Capstone Green Energy: Speculative Turnaround Story With AI Data Center Opportunity Capstone Green Energy Q3 2026 Earnings Call Presentation
JE Cleantech Holdings ( JCSE ) said on Monday that its subsidiary JCS-Echigo had secured new orders of about $12M in Q1 2026. The company said it had aimed to accelerate growth by expanding its product portfolio and enhancing engineering and R&D capabilities. Shares +1.05%. More on JE Cleantech Holdings Limited Dividend scorecard for JE Cleantech Holdings Limited Financial information for JE Clean...
JE Cleantech Holdings ( JCSE ) said on Monday that its subsidiary JCS-Echigo had secured new orders of about $12M in Q1 2026. The company said it had aimed to accelerate growth by expanding its product portfolio and enhancing engineering and R&D capabilities. Shares +1.05%. More on JE Cleantech Holdings Limited Dividend scorecard for JE Cleantech Holdings Limited Financial information for JE Cleantech Holdings Limited
Richard Drury U.S. materials stocks have suffered sharp losses over the past month, with the S&P 500 Materials sector index plunging roughly 7% through late March. Below is a list of the top 10 performing materials sector stocks ranked by their price performance percentage in March. The list is topped by Alto Ingredients, Inc. ( ALTO ), with a remarkable 97.81% gain and a Strong Buy Quant Rating o...
Richard Drury U.S. materials stocks have suffered sharp losses over the past month, with the S&P 500 Materials sector index plunging roughly 7% through late March. Below is a list of the top 10 performing materials sector stocks ranked by their price performance percentage in March. The list is topped by Alto Ingredients, Inc. ( ALTO ), with a remarkable 97.81% gain and a Strong Buy Quant Rating of 4.98. LSB Industries, Inc. ( LXU ) and LyondellBasell Industries N.V. ( LYB ) follow with gains of 40.28% and 39.86% respectively, both also carrying Strong Buy ratings. Rare Element Resources Ltd. ( REEMF ) and CVR Partners, LP Common Units ( UAN ) round out the top five. The list features a variety of industries within the materials sector, including specialty chemicals, commodity chemicals, fertilizers, and metals and mining. While top performers like Alto Ingredients ( ALTO ), LSB Industries ( LXU ), and LyondellBasell ( LYB ) carry Strong Buy ratings, industry giants such as Dow Inc. ( DOW ) and Celanese Corporation ( CE ) hold ratings of Hold at 3.41 and 3.15 respectively. Some entries, including Rare Element Resources ( REEMF ) and CVR Partners ( UAN ), are not currently covered by the Quant system. Here is the list: Alto Ingredients, Inc. ( ALTO ), 1 month performance percentage: 97.81% LSB Industries, Inc. ( LXU ), 1 month performance percentage: 40.28% LyondellBasell Industries N.V. ( LYB ), 1 month performance percentage: 39.86% Rare Element Resources Ltd. ( REEMF ), 1 month performance percentage: 37.70% CVR Partners, LP Common Units ( UAN ), 1 month performance percentage: 37.61% Alpha Metallurgical Resources, Inc. ( AMR ), 1 month performance percentage: 37.26% CF Industries Holdings, Inc. ( CF ), 1 month performance percentage: 37.08% AdvanSix Inc. ( ASIX ), 1 month performance percentage: 34.94% Dow Inc. ( DOW ), 1 month performance percentage: 32.83% Celanese Corporation ( CE ), 1 month performance percentage: 26.97% Materials ETFs : ( XLB ), ( VAW ), ( I...
Welcome back to Bloomberg’s Auto Monitor , a weekly roundup of stories on the automotive industry from reporters around the world. Sign up now if you’re not already on the list. BYD’s meteoric rise looks to be slowing . The Chinese electric-vehicle powerhouse just reported lower-than-expected fourth-quarter earnings, and customers are complaining about its God’s Eye driver-assistance product. We h...
Welcome back to Bloomberg’s Auto Monitor , a weekly roundup of stories on the automotive industry from reporters around the world. Sign up now if you’re not already on the list. BYD’s meteoric rise looks to be slowing . The Chinese electric-vehicle powerhouse just reported lower-than-expected fourth-quarter earnings, and customers are complaining about its God’s Eye driver-assistance product. We have stories detailing Chinese automakers’ performance in Europe in February and how it feels to drive Aston Martin’s $1 million Valhalla . All this and more, below. Market Snapshot BYD Co Ltd $105.80 -0.7% Toyota Motor Corp $3,255.00 -3.1% Tesla Inc $361.83 -2.8% Volkswagen AG $88.20 -0.5% Market data as of 09:17 AM ET. Data is subject to provider delays. BYD’s Difficult 2026 For years, BYD could do little wrong. Powered by China’s rapid shift to EVs, it enjoyed runaway sales and profit, overtaking Tesla as the biggest maker of battery-powered cars. But now it’s hitting its first roadblocks. On Friday, the maker of the Dolphin hatchback reported a steeper-than-expected decline in fourth-quarter earnings and its first annual profit drop in four years. Revenue growth was the slowest in six years, and 2026 hasn’t started any better. BYD’s global sales slumped in January and February, and the company lost the top spot in its home market to Geely. It’s not easy selling cars in China right now. Price competition remains fierce, and BYD has to spend heavily to keep up with new entrants like Huawei and Xiaomi that are offering affordable EVs decked out with the latest technology. Consumers are grappling with a protracted real estate slowdown and a reduction in purchase tax exemptions. Competition in China “has reached a fever pitch, and is undergoing a brutal ‘knockout stage,’” BYD Chairman Wang Chuanfu said in a letter to shareholders. Part of the sales slowdown may be self-inflicted. Some Chinese customers have taken to social media with complaints about God’s Eye , the driver-as...
Eikon Therapeutics, Inc. press release ( EIKN ): FY GAAP EPS of -$115.29. Eikon expects its current cash, cash equivalents, and marketable securities, which includes proceeds from its February 2026 IPO, will fund operations into the second half of 2027. More on Eikon Therapeutics, Inc. Eikon Therapeutics Launches IPO For Ambitious Oncology Pipeline Development Eikon Therapeutics prices upsized IPO...
Eikon Therapeutics, Inc. press release ( EIKN ): FY GAAP EPS of -$115.29. Eikon expects its current cash, cash equivalents, and marketable securities, which includes proceeds from its February 2026 IPO, will fund operations into the second half of 2027. More on Eikon Therapeutics, Inc. Eikon Therapeutics Launches IPO For Ambitious Oncology Pipeline Development Eikon Therapeutics prices upsized IPO of 21.18M shares at $18.00 Merck reportedly eyeing $30M stake in Eikon Therapeutics’ IPO Historical earnings data for Eikon Therapeutics, Inc. Financial information for Eikon Therapeutics, Inc.
It may be the end of March, but gaming companies are already getting ready for the summer. First up is Xbox, which just announced that it will be holding its next major showcase event on June 7th. That's a typical window for Microsoft - last year's edition took place on June 8th - and fits snugly into the timeframe of Summer Game Fest . It's an important moment for Microsoft's gaming division, whi...
It may be the end of March, but gaming companies are already getting ready for the summer. First up is Xbox, which just announced that it will be holding its next major showcase event on June 7th. That's a typical window for Microsoft - last year's edition took place on June 8th - and fits snugly into the timeframe of Summer Game Fest . It's an important moment for Microsoft's gaming division, which just saw a big upheaval in which long-time Xbox boss Phil Spencer retired with Asha Sharma taking over as CEO . The showcase will be an opportunity to show what the current state of the Xbox platform is. It will be livestreamed but also include an … Read the full story at The Verge.